THE SELECTED ASPECTS OF FOREIGN TRADE OF THE CZECH REPUBLIC AS A FACTOR OF SUSTAINABLE ECONOMIC DEVELOPMENT

The Czech Republic has a significant position in the central Europe. This country is member of different international organization, among others of the European Union and of the Visegrad Four. Two other members of Visegrad Four, namely Poland and Slovakia, are traditional export destinations for the Czech Republic, however, the most important export destination is Germany. Additionally, Germany and Slovakia use Euro as their official currency, while Poland has Zloty. With respect to the Euro, the Czech Republic has intervened the rate between Czech Crown and Euro with the aim to support export. This article deals with several selected topics. Firstly, it analyses the development of gross domestic product in the Czech Republic, Slovakia, Poland, and Germany, where GDP is one of the most frequent indicators for evaluation of economic development of every country. Moreover, GDP formula of open economy contains also net exports as a difference between exports and imports. That means that foreign trade is important for every open economy, and analysis of foreign trade of above mentioned countries is next aim of this article, where it focuses especially on the export of the Czech Republic to other countries and on the influence of interventions.